Region: Guinea

ICSID has discontinued proceedings filed by a mining group founded by Israeli businessman Beny Steinmetz to revive a US$5 billion ICSID claim against Guinea that was rejected due to “overwhelming evidence” of corruption.

19 May 2023

A US court has confirmed a pair of ICC awards worth more than €50 million won by an Israeli-owned security contractor against Guinea after the state failed to appear in the enforcement proceedings.

17 April 2023

A mining group founded by Israeli businessman Beny Steinmetz that saw its US$5 billion ICSID claim against Guinea thrown out because of “overwhelming evidence” of corruption has applied to annul the award.

25 August 2022

A Seychelles-incorporated telecoms group has asked a US court to enforce a US$25 million ICC award against Guinea after the state failed to have it set aside on grounds of alleged corruption.

20 July 2022

An ICSID tribunal has rejected mining company BSG Resources’ US$5 billion claim against Guinea over rights to the world’s largest iron ore deposit, the West African state has announced.

20 May 2022

Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.

17 February 2022

An Israeli-owned contractor has asked a US court to enforce awards worth over €50 million issued in two ICC arbitrations against Guinea over the provision of security services and equipment.

01 February 2022

With the country in the midst of a military coup, Guinea has failed to persuade a Paris court to overturn a US$25 million ICC award won by a Seychelles-based telecoms group on grounds of corruption.

07 September 2021

Sierra Leonean citizens pursuing an environmental class action against subsidiaries of Beny Steinmetz’s BSG Resources have asked a US court for discovery from the Guernsey mining company and its bankruptcy administrators.

25 August 2021

A French court has upheld a nearly €40 million ICC award won by an Israeli-owned arms company against Guinea, rejecting arguments that it violated an EU embargo on military sales.

16 April 2021